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Gamuda Berhad (29579-T) • Annual Report 2012
2.
Summary of significant accounting policies (cont’d.)
2.3 Standards issued but not yet effective (cont’d.)
Effective for annual periods beginning on or after 1 July 2012:
Amendments to FRS 101
Presentation of Items of other Comprehensive Income
Effective for annual periods beginning on or after 1 January 2013:
FRS 9
Financial Instruments
FRS 10
Consolidated Financial Statements
FRS 11
Joint Arrangements
FRS 12
Disclosure of interests in other Entities
FRS 13
Fair Value Measurement
FRS 119
Employee Benefits
FRS 127
Separate Financial Statements
FRS 128
Investment in Associate and Joint Ventures
IC Interpretation 20
Stripping Costs in the Production Phase of a Surface Mine
Amendments to FRS 1
Government Loans
Amendments to FRSs
‘Improvements to FRSs (2012)’
Amendments to
Consolidated Financial Statements, Joint Arrangements and
FRS 10, FRS 11
Disclosure of Interests in other Entities: Transition Guidance
and FRS 12
The directors expect that the adoption of the standards and interpretations above will have no significant
impact on the financial statements in the period of initial application, except as disclosed below:
Amendments to FRS 101: Presentation of Items of Other Comprehensive Income
The amendments to FRS 101 change the grouping of items presented in other Comprehensive Income.
Items that could be reclassified (or “recycled”) to profit or loss at a future point in time (for example, upon
derecognition or settlement) would be presented separately from items that will never be reclassified.
NoTES To ThE FINANCIAL STATEMENTS
31 July 2012